India Q3 GDP growth surges to 8.4%, exceeding expectations!

[CaptainMaverick]

Surprising rise seen to benefit PM Modi as he cruises toward election

 

NEW DELHI -- India reported on Thursday that gross domestic product expanded 8.4% in the October to December quarter, far exceeding economists' expectations.

The figure for India's third quarter of the fiscal year ending in March was far higher than the forecast of 6.6% in a poll of economists by Reuters. Credit rating agency ICRA had projected an even slower Q3 GDP growth rate of 6%.

India is set for a general election due in April and May this year, when Prime Minister Narendra Modi will be seeking a third term.

 

 

 

[dewarist]

Great Progress.

Mari ade oopulo employment numbers kooda cheppeste inka manaki tirugu ledu. Mana govt cheppagalada friend?

[pakeer_saab]

52 minutes ago, CaptainMaverick said:

Surprising rise seen to benefit PM Modi as he cruises toward election

 

NEW DELHI -- India reported on Thursday that gross domestic product expanded 8.4% in the October to December quarter, far exceeding economists' expectations.

The figure for India's third quarter of the fiscal year ending in March was far higher than the forecast of 6.6% in a poll of economists by Reuters. Credit rating agency ICRA had projected an even slower Q3 GDP growth rate of 6%.

India is set for a general election due in April and May this year, when Prime Minister Narendra Modi will be seeking a third term.

 

 

 

Not really a great thing, Chacha Lehru has planned for this back in 60's itself

Modi is just following the plan created Lehru, All credits to Lehru

[pakeer_saab]

32 minutes ago, dewarist said:

Great Progress.

Mari ade oopulo employment numbers kooda cheppeste inka manaki tirugu ledu. Mana govt cheppagalada friend?

India is a unique country with enormous potential, growth the comes in any form will lead in better indicators on social fronts, it has been proved already that Modi is a bigger socialist than congress can ever imagine, all the liberal/left propaganda falls flat once if someone sees the amount of social spending Modi is doing. he is doing it after generating wealth and not the opposite of what congress did (social spending took precedence over wealth creation resulting in no investment)

what you are looking for is a way to discredit the growth number by showing or trying to find there is no growth in employment. it is you who has this doubt and should come up and constructive way to criticize

[dewarist]

23 minutes ago, pakeer_saab said:

India is a unique country with enormous potential, growth the comes in any form will lead in better indicators on social fronts, it has been proved already that Modi is a bigger socialist than congress can ever imagine, all the liberal/left propaganda falls flat once if someone sees the amount of social spending Modi is doing. he is doing it after generating wealth and not the opposite of what congress did (social spending took precedence over wealth creation resulting in no investment)

what you are looking for is a way to discredit the growth number by showing or trying to find there is no growth in employment. it is you who has this doubt and should come up and constructive way to criticize

BJP and Modi can take all the credit for the GDP numbers.

All I asked for is employment numbers to be published. Is it a unfair ask?

[dewarist]

Growth can come in any form..agreed and it can also be concentrated within a % of demographic.

If this economic growth cannot help a major chunk of the population, how would the country as a whole grow? Isn't it a case of Rich becoming richer and poor becoming poorer?

[dasari4kntr]

 

[dewarist]

@dasari4kntr can you please interpret these numbers?

[pakeer_saab]

1 hour ago, dasari4kntr said:

 

Taxes contributed mostly to GDP growth which may not be sustainable on long term

consumption component is going down both private and govt consumption

from the data i see, even if the GDP growth is good news, reproducing this over next quarters may be tough if gloaal macro-economic trends go down.

is that a good estimate or do you think i missed anything?? appreciate your inputs

[dasari4kntr]

1 hour ago, dewarist said:

@dasari4kntr can you please interpret these numbers?

 

7 minutes ago, pakeer_saab said:

Taxes contributed mostly to GDP growth which may not be sustainable on long term

consumption component is going down both private and govt consumption

from the data i see, even if the GDP growth is good news, reproducing this over next quarters may be tough if gloaal macro-economic trends go down.

is that a good estimate or do you think i missed anything?? appreciate your inputs

evening maatladam…

its a big document…

mean while go through the full report…

https://www.mospi.gov.in/sites/default/files/press_release/PressNoteGDP29022024.pdf

[Telugodura456]

Ambani - adani grew by 20% ..rest of india by -5% so overall 8 percent.

[Telugodura456]

2 hours ago, dasari4kntr said:

 

Gross fixed capital formation is "growing" because of huge infra spending by govt on roads and rails - mostly in north and west india.

It is almost as high as consumption growth. 

THis is a copy of china model. But wont work as effectively. Indian govt only spends money by giving it to contractors. In china govt directly builds.

[Telugodura456]

Best way of growth is to look at acutal consumption .

Number of air passenger 2019 nunchi 2023 varaku compare chesthe just 2-3 percent  growth undhi - for all four years.

https://www.aai.aero/sites/default/files/traffic-news/Dec2k23Annex3.pdf

https://www.aai.aero/sites/default/files/traffic-news/Dec2k19Annex3.pdf

[Gaali_Gottam_Govinda]

15 minutes ago, Telugodura456 said:

Ambani - adani grew by 20% ..rest of india by -5% so overall 8 percent.

Thats how capitalism works bro like it or not..... Whoever starts business and invests........ they grow their networth 20% compared to people who always complain the system. 

If the whole country's GDP grew by 8.4% and you did not match that growth. Then there is something wrong with what you're doing. 

Work hard, get a job invest and spend wisely. Even normal people will grow their wealth by 20% like Adani and Ambani. India is pretty much a US capitalistic system now. You can call it Crony capitaliam. 

 

[Telugodura456]

1 minute ago, Gaali_Gottam_Govinda said:

Thats how capitalism works bro like it or not..... Whoever starts business and invests........ they grow their networth 20% compared to people who always complain the system. 

If the whole country's GDP grew by 8.4% and you did not match that growth. Then there is something wrong with what you're doing. 

Work hard, get a job invest and spend wisely. Even normal people will grow their wealth by 20% like Adani and Ambani. 

 

GVK build mumbai airport but after raids by ed adani took over. Krishnapatnam port built by Navayuga and later swallowed by adani. Is this also capitalism ?